In terms of Elliott wave counting rules and regulations Wave 1 is over and now we are in the fall of wave 2 If we predict correctly and maintain the bottom level of wave 1, we can enter wave 3 and move upwards with strength. The validity of this analysis is until the level of 17,660 is not broken down
Hello traders, Hope you are having a spectacular weekend. Above is our analysis on BTCUSD. We are overall still bearish as we continue to believe that there is one more massive impulsive wave to the downside given that certain trading conditions and parameters are met. From 24.5k-26k we would be looking to short, that would be a risky entry since there would...
I’m currently more inclined to go upward because we break the horizontal channel with a strong bullish candle and it just pull back. I add more position to my long position.
I might take some profits in 26,500. If we break above the recent high, we will confirm the breakout. DMI still looks good.
I made a mistake to see it as an ascending channel. The truth is it is just horizontal channel. I adjusted my 25 MA and 50 MA to 10 MA and 20 MA because it's lagging. It is still bullish for me.
Currently listening to www.youtube.com See my related ideas for more info. If I'm wrong I will cry :(
I'm changing my sentiment to buy if it breaks above the channel I go enter a long position.
I recently take a loss from a trade (see the link below). The -DI also go below ADX on DMI which means the bears are losing control. There is a new support and I'm waiting for confirmation of the MA to crossover. I will enter a trade if the MA crossover.
On the hourly chart, #BTCUSDT has the potential for an uptrend to 20250$ SL 19670$
Although a couple of crypto exchanges and hedge funds are caving in... Expecting some short term up side on BTC. Last called a re-entry on buys at 19.6k. Will have to break 22k to have that higher high, then we can expect a more positive outlook.
I recently closed my short position. But what kind of sorcery is this? I’m waiting for buy setup.
BTC is once again under pressure beneath $20,000. If the bearish action continues, a buy may come into view. Here it is: 1) Buy @ $17,900 (78% retracement of COVID-19 range) 2) Stop loss @ $14,450 3) Profit target @ $21,350 (1:1)
Bitcoin - Intraday - We look to Buy a break of 30752 (stop at 29997) We are trading at oversold extremes. A break of the recent high at 30725 should result in a further move higher. Posted a Double Bottom formation. 30725 has been pivotal. Our profit targets will be 32598 and 33198 Resistance: 31000 / 31400 / 32000 Support: 30000 / 29000 / 28600
#BTC is well supported in the 30K area The next resistance is 32k - 33k If #Bitcoin broke out the resistance zone next targets can be 36K , 38K and 40K
hey everyone hope you all are doing good . i am using oscillator this time to find bottom and and i believe we have already made bottom and we could wait until july-august for another final bottom before making new highs . you can see the bottom was found around -14, -18 , -10 , -21 & -15 but final bottom i expect to be near -25 after it we will see new highs but...
BTC Successfully retested its previously broken trendline on the 12H timeframe. I expect BTC to try for 52K to 55K within a matter of weeks. Powerful reversal bar touching the now broken trendline is bullish IMO. Both RSI and CM William Vix indicate potential reversals in the market near support zones serving as a signal for potential predicting a market...
Hello friends Bitcoin has performed very well and followed our last projection as it seems. BTC breaks $45K and now we suppose that it should work as a support line. hence, buying BTC seems to be safe unless BTC close a daily candle below $45K. Safe trade guys @ kurd_crypt
short-term LONG BTC FROM 37500 🐮 EP: 37500 ✔️ TP1: 38700 ✔️ TP2: 39800 ✔️ TP3: 41700 🛑 SL: close 4h/daily below 36500 LEVERAGE: 3X-5X